Tag: Bank of America employees


Bank of America boosts minimum hourly wage to $23

September 21, 2023

Via: Banking Dive

Bank of America will boost its minimum hourly wage to $23 next month, in its latest step toward paying its lowest-earning employees $25 per hour by 2025, the company announced Wednesday. The Charlotte, North Carolina-based lender has bumped up its […]


Bank of America to increase minimum hourly wage to $25 by 2025

May 18, 2021

Via: Banking Dive

Bank of America CEO Brian Moynihan said the increase will cost the bank “a few hundred million dollars a year” but called the move “an investment.” Moynihan told CNN it’s about maintaining a “great standard of living for our teammates.” […]

Activity, Corporate Banking

Bank of America to Raise Minimum Wage to $20 From $15 in Two Years

April 9, 2019

Via: TheStreet

Bank of America, (BAC – Get Report) , the second-biggest U.S. bank, said it would raise the minimum hourly wage for employees to $20 by 2021 from about $15 currently in an effort to improve recruitment and retention efforts. A […]